KUALA LUMPUR: The ringgit is expected to strengthen to around the 4.2000/3000 range against the US dollar (USD) by the end of the year on the back of expected "easing trends” in the United States (US), according to Rakuten Trade Sdn Bhd.
Its head of research Kenny Yee Shee Phin noted that the United States remains the epicentre of global market volatility amid the ongoing worldwide battle against inflation.
